FMG 2.89% $16.82 fortescue ltd

Tomorrows Quarterly Production Report, page-110

  1. 10,494 Posts.
    I just asked if the deal is still on the table. They reckon it is.

    Hence I asked what's the sign.

    They say the Chinese (having re-stocked big time in September) have progressively eased back from the IO spot market to engineer a 11 consecutive straight sessions of falling IO price not for nothing (now inching towards a price beginning with "4").

    Whatever that means.

    BTW, seeing is believing.
 
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